Analysts Set Vital Energy, Inc. (NYSE:VTLE) Target Price at $39.54

Vital Energy, Inc. (NYSE:VTLE) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.54.

VTLE has been the topic of several research reports. Piper Sandler cut their price objective on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Siebert Williams Shank lowered shares of Vital Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $62.00 to $27.00 in a research note on Wednesday, March 5th. Citigroup downgraded shares of Vital Energy to a “reduce” rating in a research note on Wednesday, March 5th. Raymond James lowered their target price on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Vital Energy Trading Down 1.4 %

NYSE:VTLE opened at $21.26 on Friday. The firm has a market capitalization of $810.30 million, a P/E ratio of -4.47 and a beta of 3.07. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $27.83 and a 200 day moving average of $29.39. Vital Energy has a 52 week low of $19.85 and a 52 week high of $58.30.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The firm had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. On average, research analysts predict that Vital Energy will post 8.49 earnings per share for the current year.

Insider Buying and Selling

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the sale, the chief financial officer now owns 97,556 shares of the company’s stock, valued at $2,022,335.88. The trade was a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kathryn Anne Hill sold 5,673 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $117,601.29. Following the sale, the chief operating officer now directly owns 46,413 shares of the company’s stock, valued at $962,141.49. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,647 shares of company stock worth $448,742. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VTLE. The Manufacturers Life Insurance Company increased its holdings in shares of Vital Energy by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock valued at $390,000 after purchasing an additional 503 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vital Energy by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company’s stock valued at $503,000 after buying an additional 535 shares in the last quarter. US Bancorp DE increased its stake in shares of Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company’s stock worth $216,000 after acquiring an additional 581 shares during the last quarter. ClearAlpha Technologies LP raised its holdings in shares of Vital Energy by 5.1% during the 3rd quarter. ClearAlpha Technologies LP now owns 13,250 shares of the company’s stock worth $356,000 after acquiring an additional 644 shares during the period. Finally, Comerica Bank boosted its position in shares of Vital Energy by 6.1% during the 4th quarter. Comerica Bank now owns 12,796 shares of the company’s stock valued at $396,000 after acquiring an additional 730 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Company Profile

Vital Energy, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.